Hallmarking down in July but gold decline slows

The UK hallmarking figures are compiled from data from the four UK assay offices including the Edinburgh Assay Office.

Total hallmarking improves on June’s figures with lesser drop of 11.9%

The decline of hallmarking figures slowed in July with a total drop of 11.9% year on year to 789,771 items according to data from all four UK assay offices.

Gold also slowed its descent, registering a drop of 3.6% to 363,429 items, an improvement on last month’s figures. All carats showed a decline with 24ct taking the biggest hit with a drop of 92.2%, followed by 14ct with a drop of 38.1%, 18ct down 16.8%, 22ct down 11.6% and 9ct showing the strongest performance with a drop of 2.9%. 

Silver likewise showed an overall decline of 19.8% to 390,933 items but both 800pts silver and Britannia silver showed increases with jumps of 2,816.7% and 62.7% respectively. Sterling silver took the biggest hit with a drop of 20.1% while fine silver slipped 8.6%.

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Platinum enjoyed a strong month again with an overall rise of 6.8% to 23,332 items. 900-parts platinum showed the best growth with an uplift of 142.9% while 950 parts rose 6.7%. Both 999 parts and 850 parts were level with 2011’s figures, with just five pieces of 999 hallmarked and two pieces of 850 hallmarked.

Palladium also enjoyed a positive month in hallmarking with levels up 23.4% to 789,771 items. The lower purity of 500 parts showed thye best growth with an uplift of 61% but 950 parts won out in volumes, up 18.9% to 10,400 items versus 500’s 635 items. At the top end of the scale, 999 parts showed an uplift of 100% but was based on a single item being hallmarked compared to no items in July 2011.  

 

The facts and figures: UK hallmarking in July 2012 vs July 2011

Gold
24ct gold (999) – down 92.2%
24ct gold (990) – level
22ct gold (916) – down 11.6%
18ct gold (750) – down 16.8%
14ct gold (585) – down 38.1%
9ct gold (375) – up 2.9%
Total gold items – down 3.6% 

Silver
Fine silver (999) – down 8.6%
Britannia silver (958) – up 62.7%
Sterling silver (925) – down 20.1%
800 parts silver – up 2,816.7%
Total silver items – down 19.8%

Platinum
999 parts platinum – level
950 parts platinum – up 6.7%
900 parts platinum – up 142.9%
850 parts platinum – level
Total platinum items – up 6.86%

Palladium
999 parts palladium – up 100%
950 parts palladium – up 18.9%
500 parts palladium – up 61%
Total palladium items – up 23.4%

Total items hallmarked – down 11.9%

 

 

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